About Allergan (NYSE:AGN)

Allergan plc, a specialty pharmaceutical company, develops, manufactures, markets, and distributes medical aesthetics, biosimilar, and over-the-counter pharmaceutical products worldwide. It operates through US Specialized Therapeutics, US General Medicine, and International segments. The company offers a portfolio of products that provide treatment for the central nervous system, gastroenterology, women's health and urology, ophthalmology, neurosciences, medical aesthetics, dermatology, plastic surgery, liver disease, inflammation, metabolic syndromes, and fibrosis, as well as Alzheimer's disease. It is also involved in developing ocular implants that reduce intraocular pressure associated with glaucoma; medical devices for the correction of prominent ears; and intranasal neurostimulation devices, as well as other dry eye products. In addition, the company distributes generic and branded pharmaceutical products primarily to independent and chain pharmacies, nursing homes, mail order pharmacies, hospitals, clinics, and physician offices. Further, it develops a portfolio of breast implants and tissue expanders; and RM-131 (relamorelin), a peptide ghrelin agonist for the treatment of diabetic gastroparesis. The company has licensing agreement with Assembly Biosciences, Inc.; Mimetogen Pharmaceuticals, Inc.; Almirall, S.A; Naurex, Inc.; and Merck & Co. The company was formerly known as Actavis plc and changed its name to Allergan plc in June 2015. Allergan plc was founded in 1983 and is headquartered in Dublin, Ireland.

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Profitability

Miscellaneous

Allergan (NYSE:AGN) Frequently Asked Questions

What is Allergan's stock symbol?

Allergan trades on the New York Stock Exchange (NYSE) under the ticker symbol "AGN."

How often does Allergan pay dividends? What is the dividend yield for Allergan?

Allergan declared a quarterly dividend on Thursday, May 3rd. Stockholders of record on Friday, May 18th will be paid a dividend of $0.72 per share on Friday, June 15th. This represents a $2.88 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Thursday, May 17th. View Allergan's Dividend History.

How will Allergan's stock buyback program work?

Allergan declared that its board has initiated a share buyback plan on Tuesday, September 26th 2017, which permits the company to buyback $2,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

How were Allergan's earnings last quarter?

Allergan (NYSE:AGN) posted its quarterly earnings results on Monday, April, 30th. The company reported $3.74 earnings per share for the quarter, beating analysts' consensus estimates of $3.36 by $0.38. The company earned $3.67 billion during the quarter, compared to analyst estimates of $3.59 billion. Allergan had a negative net margin of 11.94% and a positive return on equity of 8.53%. Allergan's quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.35 EPS. View Allergan's Earnings History.

When is Allergan's next earnings date?

What guidance has Allergan issued on next quarter's earnings?

Allergan issued an update on its FY18 earnings guidance on Monday, April, 30th. The company provided EPS guidance of $15.65-16.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $15.66. The company issued revenue guidance of $15.15-15.35 billion, compared to the consensus revenue estimate of $15.24 billion.Allergan also updated its Q2 guidance to $4.00-4.20 EPS.

What price target have analysts set for AGN?

21 Wall Street analysts have issued 1 year price objectives for Allergan's shares. Their predictions range from $150.00 to $265.00. On average, they anticipate Allergan's share price to reach $214.1616 in the next year. View Analyst Ratings for Allergan.

What are Wall Street analysts saying about Allergan stock?

Here are some recent quotes from research analysts about Allergan stock:

1. Mizuho analysts commented, "We Look for Long Term Outlook Color on the Call Rating Neutral Previous Rating No Change Price (4/27) $162.04 Price Target $185.00 Previous Price Target No Change 1Q:18 beat and 2Q:18 guidance above consensus: AGN reported $3.67B in revs and non-GAAP EPS of $3.74 vs. $3.60B and $3.36 FactSet consensus. The company had guided 1Q:18 to $3.5B-$3.6B in revs and EPS of $3.20- $3.40, and outperformed these metrics handily. The 1Q:18 beat was driven by lower OpEx and higher international sales. Allergan raised 2018 revenue guidance to $15.150B-$15.350B from $15.0B-$15.3B due to the prolonged durability of Restasis (already expected, in our view) and correspondingly raised its non-GAAP EPS range to $15.65-$16.25 from $15.25-$16.00 vs. FactSet consensus of $15.24B and $15.67, respectively, which we attribute in part to reduced share count. Allergan also introduced 2Q:18 guidance of $3.85B-$4.00B and $4.00-$4.20 non-GAAP EPS vs. $3.86B and." (4/30/2018)

2. Cantor Fitzgerald analysts commented, "This morning AGN reported a high quality 1Q18 EPS beat and raised its 2018 EPS guidance. This is clearly good news for the company, but we would note that a beat and raise was widely anticipated by the Street since AGN’s setup looked conservative heading into the year. Furthermore, if Restasis generics do not enter the market in 2018, we could see AGN continuing to beat its financial guidance throughout the year." (4/27/2018)

3. According to Zacks Investment Research, "Allergan’s products like Botox and Linzess and new products such as Viberzi, Namzaric and Vraylar support sales. It also boasts a strong branded pipeline. Biosimilars also represent significant opportunity. However, while we remain optimistic about the company’s growth prospects, it is facing potential loss of exclusivity for many products in 2018 including Namenda XR and Restasis. In October 2017, a Texas federal district court invalidated four of the six patents covering Restasis, potentially opening doors for early generic competition. Though Restasis patents are scheduled to expire in August 2024, a generic version may be launched as early as mid-2018. Also, new competition for key growth drivers, Restasis and Linzess, is an investor concern. Allergan’s shares underperformed the industry in the past six months. " (1/2/2018)

Has Allergan been receiving favorable news coverage?

Media coverage about AGN stock has been trending somewhat positive on Thursday, Accern reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allergan earned a news impact score of 0.04 on Accern's scale. They also assigned press coverage about the company an impact score of 45.89 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

How do I buy shares of Allergan?

Shares of AGN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Allergan's stock price today?

One share of AGN stock can currently be purchased for approximately $154.07.

How big of a company is Allergan?

Allergan has a market capitalization of $52.55 billion and generates $15.94 billion in revenue each year. The company earns $-4,125,500,000.00 in net income (profit) each year or $16.35 on an earnings per share basis. Allergan employs 17,800 workers across the globe.

How can I contact Allergan?

Allergan's mailing address is CLONSHAUGH BUSINESS AND TECHNOLOGY PARK COOLOCK, DUBLIN L2, D17 E400. The company can be reached via phone at 862-261-7000 or via email at [email protected]

MarketBeat Community Rating for Allergan (AGN)

MarketBeat's community ratings are surveys of what our community members think about Allergan and other stocks. Vote "Outperform" if you believe AGN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AGN will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Allergan (NYSE:AGN) Price Target and Consensus Rating

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

21 Wall Street analysts have issued ratings and price targets for Allergan in the last 12 months. Their average twelve-month price target is $214.1616, suggesting that the stock has a possible upside of 38.92%. The high price target for AGN is $265.00 and the low price target for AGN is $150.00. There are currently 6 hold ratings and 15 buy ratings for the stock, resulting in a consensus rating of "Buy."

Dividends

Allergan (NYSE:AGN) Dividend Information

Allergan pays an annual dividend of $2.88 per share, with a dividend yield of 1.87%. AGN's next quarterly dividend payment will be made on Friday, June 15. Allergan pays out 17.61% of its earnings out as a dividend.